Amazon (AMZN) Offering Possible 47.06% Return Over the Next 10 Calendar Days

Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $722.50 short put and a strike $717.50 long put offers a potential 47.06% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $722.50 by expiration. The full premium credit of $1.60 would be kept by the premium seller. The risk of $3.40 would be incurred if the stock dropped below the $717.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Amazon is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Amazon is bullish.

The RSI indicator is at 60.52 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Amazon

Amazon Restaurants Launches Free One-Hour Delivery on Prime Now in Miami
Tue, 07 Jun 2016 10:00:00 GMT
Business Wire – Amazon.com today announced that Prime members in Miami can now enjoy free one-hour delivery from local restaurants, including Baires Grill, Brother Jimmy’s BBQ, La Provence, Madero, Michael’s Genuine® Food & Drink, Morgans Restaurant, Spris, and many more.

Amazon Restaurants Launches Free One-Hour Delivery on Prime Now in Atlanta
Tue, 07 Jun 2016 10:00:00 GMT
Business Wire – Amazon.com today announced that Prime members in Atlanta can now enjoy free one-hour delivery from local restaurants, including Aviva by Kameel, Chai Pani, Flip Burger, Flying Biscuit, Grindhouse Killer Burgers, Varasano’s Pizzeria, and many more.

[$$] Japan robot maker to tackle loneliness with R2-D2-style machine
Tue, 07 Jun 2016 03:41:06 GMT
Financial Times – After a stint at SoftBank creating the world's most famous companion robot, Kaname Hayashi, the “father” of Pepper, is developing a new machine that is smart enough to respond to a person's solitude …

Traders: Amazon will hit $1,000 before Alphabet
Mon, 06 Jun 2016 23:18:52 GMT

Facebook Takes on Amazon, YouTube With Blizzard Gaming Deal
Mon, 06 Jun 2016 22:02:03 GMT
Investor's Business Daily – Facebook (FB) is taking on Amazon.com's (AMZN) Twitch and Google's YouTube in gaming by partnering with Activision Blizzard's (ATVI) Blizzard Entertainment. Players of Blizzard's “Overwatch,” …

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